Syllabus B12. Agriculture 15 / 19

• Recognize the scope of international accounting standards for agriculture.
• Discuss the recognition and measurement criteria including the treatment of gains and losses, and the inability to measure fair value reliably.
• Identify and explain the treatment of government grants, and the presentation and disclosure of information relating to agriculture.
• Report on the transformation of biological assets and agricultural produce at the point of harvest and account for agriculture related government grants.